Aurora Cannabis tumbles 9% in continued fallout from disappointing earnings, MedMen slammed by news of job cuts
Cannabis stocks were a sea of red again on Monday, with Aurora Cannabis tumbling another 15% following disappointing earnings and MedMen down 23% on news of job cuts and asset sales.
The ETFMG Alternative Harvest ETF MJ, +1.93% was last down 4% with 26 of its 36 member stocks trading lower. The ETF has fallen for six straight days and is now down 35% in the year to date.
The Horizons Marijuana Life Sciences ETF HMMJ, +2.61% was down 5%, with 48 of its constituent stocks declining. The S&P 500 SPX, +0.02% was up 0.1% and the Dow Jones Industrial Average DJIA, -0.21% was up about the same.
Published: November 19, 2019
Founder & Interim Editor of L.A. Cannabis News